Accumark

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Accumark - overview

Established

1994

Location

Ashland, VA, US

Primary Industry

Power & Utilities

About

Accumark, based in the US, specializes in subsurface utility locating and mapping services, providing critical data for civil engineering and construction projects. Accumark, founded in 1994 and headquartered in Ashland, US, focuses on subsurface utility locating. The company was acquired by Hoffman Southwest Corporation in May 2019. Details regarding the founder's history or previous ventures are not available.


Accumark specializes in subsurface utility locating and mapping, which includes the precise identification of buried utilities and structures. Their core services encompass subsurface utility designation and mapping, vital for initial design phases. Utilizing ground penetrating radar technology, they non-destructively locate subsurface targets prior to excavation. Additionally, through their subsidiary Pipevision, they offer comprehensive pipe inspection services.


Their clientele primarily consists of civil engineering firms, construction companies, and municipal projects across the United States, Canada, and select regions in Europe. Accumark derives its revenue predominantly from B2B transactions within the civil engineering and construction sectors. They engage clients through project-based contracts for subsurface utility mapping and inspections, typically operating on a fee-for-service model. Pricing is influenced by the project's size, duration, and technology employed, ensuring steady revenue through partnerships with firms requiring reliable utility mapping and assessments.


Following the acquisition by Hoffman Southwest Corporation, Accumark is poised for growth through the development of new products and services, focusing on expanding into additional geographical markets. While specific new products and their launch dates are yet to be revealed, the firm aims to enhance its service offerings significantly. Recent funding from the acquisition will support these initiatives, although the precise allocation of resources has not been disclosed.


Current Investors

Hoffman Southwest Corporation

Primary Industry

Power & Utilities

Sub Industries

Power & Utilities

Website

www.accumark.us

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Accumark - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedPipevision LLC-
Add-onCompletedAccumark-

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